Application of Geological-Economic Models in Strategic Planning of Production on Mineral Deposits

Abstract

The complexity of the modern market conditions of companies in the mineral sector and mineral economyand the need for competitive business requires a complex analysis of a whole range of internal and external factors.The group of internal factors includes partly the classical factors related to the company's business, which are engagedin the exploration and exploitation of mineral resources. The other part includes specific factors that are related to theproduction specifics conditioned by the characteristics of mineral raw materials, which is the subject of geologicalexploration, exploitation and market valorization. A group of external factors also partly encompasses the classicfactors of market appearance, and the other part of the specificity of mineral sorts as market products, of which thebusiness success depends directly. A special professional challenge from the geological-mining-technological point ofview is defining and encompassing part of internal and external factors and accompanying production problemsrelated to the subject metal, non-metallic and energy mineral raw materials. Their comprehensive treatment,processing and display, in modern conditions, can be successfully innovated through the application of a complexmethod of geological-economic evaluation, and in particular modeling methods through practically suitablegeological-economic models. The current models become successful modern strategic planning, managerial andeconomic tools, which by incorporating in the short-term and long-term planning and realization of the production ofmineral raw materials provide the opportunity for more successful operations of the mineral sector companies.